Connect with us

News

SERAP Urges FG To Probe ‘Missing’$12.4bn Oil Windfall

Published

on

The Socio-Economic Rights and Accountability Project (SERAP), has sent an open letter to the Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), asking him to “use your good offices as a defender of public interest, and exercise your powers under Section 174(1) of the Constitution of Nigeria, 1999, and Sections 104–106 of the Administration of Criminal Justice Act, to re-open the unresolved case of the ‘missing’ $12.4billion oil windfall.”
The organisation asked Malami to “establish the truth about what exactly happened to the public funds reportedly spent between 1988 and 1993 by the government of former military President, Gen. Ibrahim Badamasi Babangida.”
The letter, dated August 19, 2016, and signed by SERAP Executive Director, Adetokunbo Mumuni, urged Malami to “work diligently and effectively to find and publish widely the Pius Okigbo panel report, as well as bring to justice anyone suspected of corruption and mismanagement of the colossal public funds.”
The letter reads in part: “SERAP has for many years sought explanations and official release of the Pius Okigbo panel report, which the government voluntarily established but successive governments have blocked every chance to make this happen, even claiming that the report of the panel could not be found. SERAP’s request is entirely consistent with established legal principle that in matters relating to crimes, including corruption, time does not run against the state.
“Reopening the case would also send a clear message that cases of high-level official corruption would not go unpunished, no matter how long it takes, and that suspected perpetrators would be held to account, no matter who is involved.
“SERAP also believes that re-opening the unresolved case of the ‘missing’ $12.4billion oil windfall would serve as a litmus test for the government of President Muhammadu Buhari oft-repeated commitment to transparency, accountability and the fight against corruption in the country.
“Full accountability for the missing public funds would contribute to ending impunity of high-ranking public officials for large scale corruption and provide effective remedies to victims of corruption.
“SERAP believes that Nigerians have the right to their natural resources and wealth and to economic development, as guaranteed by Articles 21 and 22 of the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act), the rights that are being denied by the failure of successive governments to resolve the case of the ‘missing’ $12.4billion oil windfall. “The government of President Buhari has the duty to find the Okigbo panel report, and to pursue accountability on the spending of the accrued revenue. Such duty exists on the basis of Article 9 of the African Charter on Human and Peoples’ Rights, which has become part of our national laws, as well as the provisions of the Freedom of Information Act.
“Reopening the case would help to provide adequate reparation, which may take the form of restitution, compensation, satisfaction or guarantees of non-repetition to millions of Nigerians that have been denied their human rights as a result of the failure by successive governments to ensure transparency and accountability in the spending of $12.4billion oil windfall.
“We hope that you would act swiftly in this case and do justice by reopening the case, publishing the Okigbo panel report and holding to account anyone suspected to be responsible for the missing public funds.
“SERAP notes that the Federal Government in 1994 set up the Pius Okigbo Panel to investigate the activities of the Central Bank of Nigeria (CBN) and recommend measures for the re-organization of the bank. In the course of its assignment, the Okigbo panel found that the $12.5 billion in the Dedicated and Special Accounts had been depleted to $100 million.
“The panel recommended that the Dedicated and Special Accounts be discontinued. The panel also recommended the immediate re-organization of the Central Bank of Nigeria. In line with the said recommendations, the Dedicated and Special Accounts were discontinued while the Central Bank of Nigeria was re-organized. But the truth about what exactly happened to the ‘missing’ $12.4 billion oil windfall is yet to be known,” SERAP emphasised.

Continue Reading

News

Rivers Govt Hails Anglican Church’s Role In Peace, Development

Published

on

The Rivers State Government has commended the Church of Nigeria (Anglican Communion) for its outstanding contributions to the development of Rivers State, particularly in the areas of peacebuilding, education, healthcare, and moral development.
Governor of Rivers State, Siminalayi Fubara, stated that the Church has remained a dependable partner in promoting peace, unity, justice, moral discipline, and social harmony across society.
The Governor, who was represented by the Secretary to the State Government, Dr. Dagogo Wokoma, made the remarks during the thanksgiving service marking the 30th Anniversary and First Session of the 11th Synod of the Diocese of Niger Delta North, held at St. Peter’s Anglican Church on Sunday.
Governor Fubara described the Synod’s theme, “Kingdom Advancement: The Priority of Every Believer,” as timely and relevant, considering the prevailing realities in society.
According to him, the Church continues to play a vital role in shaping societal values and inspiring hope among citizens.
“The Church remains a vital partner in promoting peace, unity, justice, and moral discipline. Its role in shaping values and inspiring hope cannot be overemphasized,” he stated.
The Governor further acknowledged the Anglican Communion’s contributions in education, healthcare delivery, youth empowerment, humanitarian services, and spiritual guidance across communities in Rivers State.
“The Rivers State Government appreciates the invaluable contributions of the Anglican Communion in education, healthcare, youth development, humanitarian support, and spiritual guidance. Your impact across communities in Rivers State continues to strengthen families and promote peaceful coexistence among our people,” he added.
Governor Fubara reaffirmed his administration’s commitment to building a peaceful, united, and prosperous Rivers State where all citizens can thrive irrespective of religion, ethnicity, or social background.
He also urged the Synod to continue praying for sustainable development and progress in Rivers State and Nigeria at large.
Earlier in his sermon, the Guest Minister, Joseph Olushola, spoke on the topic, “Kingdom Investment and Internal Rewards,” urging Christians to remain faithful stewards of God’s blessings and committed to advancing God’s kingdom through service and generosity.
The cleric emphasized that believers are custodians of the virtues and resources entrusted to them by God, stressing that divine rewards are based on faithfulness and impact rather than material possessions.

Continue Reading

News

Shell, MAN Back Rivers’ Drive For Expanded Gas Supply To Industries

Published

on

The Shell Nigeria Gas Limited, in partnership with the Manufacturers Association of Nigeria (MAN), has reaffirmed support for efforts to expand gas distribution infrastructure in Rivers State as part of initiatives aimed at improving access to affordable, cleaner and more reliable energy for industries across the South-South region.
The commitment was highlighted during the SNG–MAN Business Forum held in Port Harcourt, where stakeholders from the industrial and public sectors examined the role of natural gas in driving industrialisation, boosting local production and strengthening energy security.
Speaking at the forum on behalf of the Managing Director of Shell Nigeria Gas Limited, the company’s Head of Gas Distribution, Mr. Chukwuka Amos Ejesi, described natural gas as a critical component of Nigeria’s energy mix and a key driver of sustainable industrial growth.
According to him, Nigeria’s gas development agenda has reached a stage where policy direction must be matched with practical implementation capable of addressing the energy challenges confronting manufacturers.
He noted that pipeline gas offers industries a cleaner, more dependable and cost-effective energy alternative capable of supporting uninterrupted operations, reducing emissions and improving production efficiency.
“Gas is the backbone of manufacturing, and we are encouraged by the growing recognition among stakeholders of the need for cleaner and more reliable energy solutions,” he said.
Ejesi stressed the need for sustained collaboration among energy providers, government institutions and industrial stakeholders to maximise the country’s gas resources for economic development.
He added that improved gas infrastructure would strengthen manufacturing value chains, enhance productivity and promote more competitive industrial operations across Rivers State and the wider South-South region.
Participants at the forum also emphasised the importance of expanding energy infrastructure as a pathway to unlocking industrial capacity, reducing operating costs and promoting sustainable industrial development.
Representing Governor Siminalayi Fubara, the Director-General of the Rivers State Investment Promotion Agency, Dr. Chamberlain Peterside, reaffirmed the state government’s commitment to partnering with private sector investors to revitalise industrial activities in the state.
He identified key projects targeted under the initiative to include the revival of the Ahoada Industrial Park, the New Port City project and the proposed Bonny Industrial Park, all aimed at stimulating economic growth and expanding industrial opportunities along the Bonny corridor.
According to the governor, the long-term vision is to position Rivers State as a leading manufacturing hub in Southern Nigeria through strategic public-private partnerships.
Governor Fubara also commended Shell Nigeria Gas and MAN for sustaining engagements geared towards improving industrial energy access, noting that gas infrastructure development remains central to the state’s economic recovery plans.
He further observed that the gas sector presents enormous opportunities for economic growth, especially as global energy systems continue to shift towards cleaner energy sources.
The governor called on stakeholders to work collectively towards developing a practical and sustainable gas framework capable of supporting the state’s industrial and energy development objectives.

By; Kevin Nengia

Continue Reading

News

Odu Charges Newlyweds To Build Marriage On Love

Published

on

Rivers State Deputy Governor, Prof. Ngozi Nma Odu, has charged newlywed couples to build their marriages on the virtues of love and submission as taught in the Word of God.
Prof. Odu gave the charge at the wedding ceremony of Amblessed Favour Sunny-Cookey and Samson Jesuganji at Lifegate Power Ministries, Dominion Cathedral, in Port Harcourt on Saturday, 16th May 2026.
The Deputy Governor congratulated the couple on beginning a new phase of life together and prayed for God’s blessings upon their union, noting that the couple had been raised by godly parents and encouraged them to uphold the Christian values instilled in them.
Referring to the sermon delivered during the ceremony, Prof. Odu emphasized that the principles of love and submission remain fundamental to a successful marriage.
According to her, genuine love reflects the nature of God, stressing that love should remain the foundation of the couple’s relationship as they journey through life together.
Prof. Odu further prayed for enduring peace, happiness, and progress in the home, expressing confidence that the marriage would continue to flourish under God’s guidance.
The Deputy Governor also commended the families of the couple for their support and upbringing, while urging the newlyweds to always remember the significance of the day and the commitment they had made before God and witnesses.
In his sermon at the wedding, the Founder and Presiding Pastor of Salvation Ministries, Pastor David Ibiyeomie, stated that marriage did not originate from Western culture, traditions, or human ideas, but from God, whom he described as the “manufacturer” of marriage.
According to the cleric, couples seeking lasting and peaceful homes must rely on biblical principles rather than societal trends or assumptions.
He explained that many marital crises and rising divorce rates stem from ignorance and failure to apply scriptural teachings in family life.
Drawing from the biblical parable of building a house on a rock, Pastor Ibiyeomie said the Word of God remains the only solid foundation capable of sustaining marriages through challenges and difficult times.
He noted that marriage naturally comes with unexpected realities and pressures, stressing that religious ceremonies or cultural practices alone are not enough to sustain a home without proper understanding of God’s instructions.
The pastor further warned that ignorance of scripture remains one of the greatest weapons against believers, urging Christians to study and practice the Word of God rather than merely attending church services.
It would be recalled that the bride is the daughter of Pastor Sunny Cookey the Founder and Presiding Pastor of Lifegate Ministries. The Ceremony had lots of Ministers in attendance which includes Apostle Zilly Aggrey, Pastor George Izunwa, and Bishop Winston Iwo

Continue Reading

Trending